Insight Wealth Strategies LLC Acquires 3,283 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Insight Wealth Strategies LLC raised its holdings in shares of Hewlett Packard Enterprise (NYSE:HPEFree Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,667 shares of the technology company’s stock after purchasing an additional 3,283 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Hewlett Packard Enterprise were worth $2,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of HPE. Kapitalo Investimentos Ltda purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $90,000. Nomura Holdings Inc. purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $491,000. HighPoint Advisor Group LLC purchased a new stake in shares of Hewlett Packard Enterprise in the fourth quarter valued at $318,000. Fisher Asset Management LLC raised its stake in shares of Hewlett Packard Enterprise by 605.2% in the fourth quarter. Fisher Asset Management LLC now owns 3,251 shares of the technology company’s stock valued at $55,000 after acquiring an additional 2,790 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in shares of Hewlett Packard Enterprise by 53.4% in the fourth quarter. EP Wealth Advisors LLC now owns 32,810 shares of the technology company’s stock valued at $557,000 after acquiring an additional 11,420 shares during the period. Institutional investors own 80.78% of the company’s stock.

Hewlett Packard Enterprise Stock Performance

HPE stock traded up $0.31 during trading on Wednesday, reaching $21.84. The company had a trading volume of 44,296,057 shares, compared to its average volume of 23,077,558. The firm has a 50-day simple moving average of $18.13 and a 200-day simple moving average of $17.06. The company has a market cap of $28.38 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 3.12 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.59 and a current ratio of 0.90. Hewlett Packard Enterprise has a twelve month low of $14.47 and a twelve month high of $22.82.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last released its earnings results on Tuesday, June 4th. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Hewlett Packard Enterprise had a net margin of 6.38% and a return on equity of 8.49%. Hewlett Packard Enterprise’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. As a group, sell-side analysts expect that Hewlett Packard Enterprise will post 1.59 earnings per share for the current year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, June 18th. Hewlett Packard Enterprise’s payout ratio is 37.96%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HPE shares. Sanford C. Bernstein raised their price target on shares of Hewlett Packard Enterprise from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 5th. Stifel Nicolaus raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Barclays raised their target price on shares of Hewlett Packard Enterprise from $14.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 5th. Finally, Evercore ISI raised their target price on shares of Hewlett Packard Enterprise from $18.00 to $22.00 and gave the company an “in-line” rating in a research report on Wednesday, June 5th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Hold” and an average target price of $20.69.

Read Our Latest Stock Report on Hewlett Packard Enterprise

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the sale, the senior vice president now directly owns 15,541 shares in the company, valued at approximately $263,575.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Hewlett Packard Enterprise news, SVP Jeremy Cox sold 18,323 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $16.96, for a total transaction of $310,758.08. Following the completion of the sale, the senior vice president now directly owns 15,541 shares in the company, valued at approximately $263,575.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary M. Reiner sold 50,000 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $19.51, for a total transaction of $975,500.00. Following the transaction, the director now directly owns 150,948 shares of the company’s stock, valued at $2,944,995.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,464 shares of company stock worth $3,160,866. Company insiders own 0.40% of the company’s stock.

Hewlett Packard Enterprise Company Profile

(Free Report)

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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